NZD/DKK - Daily - Technical analysis published on 11/03/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 4.3399 DKK
My targets
4.4938 DKK (+0.0869)
4.5384 DKK (+0.1315)
My analysis
The strong short-term increase in NZD/DKK calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 4.3399 DKK, you could consider taking advantage of the short-term movement. The first bullish objective is located at 4.4938 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.5384 DKK as an objective. Crossing it would then enable buyers to target 4.6132 DKK. Caution, a return under 4.3399 DKK could jeopardize the reversal.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.2
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The NZD/DKK rating is 4.4069 DKK. On the day, this instrument lost -0.03% with the lowest point at 4.3866 DKK and the highest point at 4.4205 DKK. The deviation from the price is +0.46% for the low point and -0.31% for the high point.4.3866
4.4205
4.4069
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by NZD/DKK:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of NZD/DKK in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.1598 | 4.2426 | 4.3399 | 4.4069 | 4.4082 | 4.4938 | 4.5384 |
| Change (%) | -5.61% | -3.73% | -1.52% | - | +0.03% | +1.97% | +2.98% |
| Change | -0.2471 | -0.1643 | -0.0670 | - | +0.0013 | +0.0869 | +0.1315 |
| Level | Major | Major | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.3528 | 4.3753 | 4.3917 | 4.4142 | 4.4306 | 4.4531 | 4.4695 |
| Camarilla | 4.3973 | 4.4009 | 4.4044 | 4.4080 | 4.4116 | 4.4151 | 4.4187 |
| Woodie | 4.3497 | 4.3738 | 4.3886 | 4.4127 | 4.4275 | 4.4516 | 4.4664 |
| Fibonacci | 4.3753 | 4.3902 | 4.3994 | 4.4142 | 4.4291 | 4.4383 | 4.4531 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1783 | 4.2236 | 4.2834 | 4.3287 | 4.3885 | 4.4338 | 4.4936 |
| Camarilla | 4.3143 | 4.3239 | 4.3336 | 4.3432 | 4.3528 | 4.3625 | 4.3721 |
| Woodie | 4.1856 | 4.2272 | 4.2907 | 4.3323 | 4.3958 | 4.4374 | 4.5009 |
| Fibonacci | 4.2236 | 4.2638 | 4.2886 | 4.3287 | 4.3689 | 4.3937 | 4.4338 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.1368 | 4.1876 | 4.2874 | 4.3382 | 4.4380 | 4.4888 | 4.5886 |
| Camarilla | 4.3457 | 4.3595 | 4.3733 | 4.3871 | 4.4009 | 4.4147 | 4.4285 |
| Woodie | 4.1612 | 4.1999 | 4.3118 | 4.3505 | 4.4624 | 4.5011 | 4.6130 |
| Fibonacci | 4.1876 | 4.2452 | 4.2807 | 4.3382 | 4.3958 | 4.4313 | 4.4888 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 59.42 | |
| MACD (12,26,9): | 0.0048 | |
| Directional Movement: | 9.0047 | |
| AROON (14): | 85.7142 | |
| DEMA (21): | 4.3433 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.3434 | |
| Elder Ray (13): | 0.0478 | |
| Super Trend (3,10): | 4.4310 | |
| Zig ZAG (10): | 4.4071 | |
| VORTEX (21): | 1.1141 | |
| Stochastique (14,3,5): | 87.89 | |
| TEMA (21): | 4.3825 | |
| Williams %R (14): | -14.67 | |
| Chande Momentum Oscillator (20): | 0.1129 | |
| Repulse (5,40,3): | 0.6923 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0573 | |
| Courbe Coppock: | 4.04 |
| MA7: | 4.3725 | |
| MA20: | 4.3199 | |
| MA50: | 4.3946 | |
| MA100: | 4.4686 | |
| MAexp7: | 4.3779 | |
| MAexp20: | 4.3495 | |
| MAexp50: | 4.3882 | |
| MAexp100: | 4.4376 | |
| Price / MA7: | +0.79% | |
| Price / MA20: | +2.01% | |
| Price / MA50: | +0.28% | |
| Price / MA100: | -1.38% | |
| Price / MAexp7: | +0.66% | |
| Price / MAexp20: | +1.32% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | -0.69% |
Quotes :
-
Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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